Tuesday, April 6, 2010

Jim Rogers: Don't Buy Gold

Jim Rogers who is a bull on commodities throughout the next decade or possibly more, has stated recently that he wouldn't acquire any more gold at this time, as the price has surged and could go sideways for awhile.

At the same time, Rogers said he won't be selling any of his gold for some time either.

Along with the high price, speculators have now entered the gold and oil markets, and they could drive prices up for no reason, and those investing in gold could take a hit as a result, as it may not be market forces but speculation moving the prices.

Rogers advises commodity investors to invest in commodities at lower price levels like natural gas and silver.

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